Japanese Owned Garments Factory Opens in Hue
The Japanese based company ‘Tokyo Style’ opened a new factory in the central province of Thua Thien-Hue on June 26.
The Hue factory has 100 percent of the investment capital coming from Japan , and an operation for a period of 50 years.
The US$21 million factory is located in Phu Bai Industrial Zone on a site of 22,750 square meters.
The factory has the capacity to produce approximately 500,000 garments a year, with only 5 percent to be sold on the domestic market.
In the future, the company hopes to raise domestic sales to 30 percent.
CPV/VNA
Vietnamese
October 2024
Hanoi
